Just had a loan application for a second home loan rejected (no reason given, though preliminary loan application was approved) and need to apply again with another bank. Is it safe to apply with multiple banks? I’ve seen other posts related to credit card applications that 1 rejection affects subsequent applications, something about the other banks seeing that a credit check was made but obviously not approved.
Does something similar happen when applying for a mortgage (and a second mortgage at that)?
by kopinewbie